Italy's Ferrari to electrify 60 pct of lineup by 2026-Xinhua

Italy's Ferrari to electrify 60 pct of lineup by 2026

Source: Xinhua

Editor: huaxia

2022-06-17 03:28:00

MARANELLO, Italy, June 16 (Xinhua) -- Italy's luxury carmaker Ferrari plans to turn 60 percent of its production into hybrid and all-electric vehicles by 2026 and it aims to go carbon neutral by 2030, the company said on Thursday

By 2026, normal internal combustion engine (ICE) models will account for the remaining 40 percent of Ferraris. By 2030, Ferrari targets an offering composed of 40 percent all-electric, 40 percent hybrid and 20 percent ICE, the company said at its Capital Markets Day held at its headquarters in Maranello in the northeast Italian region of Emilia Romagna.

The first full electric Ferrari will be unveiled in 2025 as previously announced, it said. The electric engines will be designed, handcrafted and assembled in Maranello.

The company also plans to construct a new "e-building," where the electric engines and batteries will be handcrafted, according to Benedetto Vigna, Ferrari's chief executive.

The automaker has launched 4 hybrid models in the past four years, Vigna added.

Ferrari said its overall carbon dioxide footprint in 2021 was 622,000 tonnes. To achieve its decarbonization strategy, the company aims to reduce its vehicles' carbon dioxide emissions through electrification. The goal is to reduce emissions by at least an average 50 percent per car by 2030.

It will also use recycled aluminum and green steel in battery manufacturing to reduce emissions from raw materials.

As part of its 2022-2026 strategy made public on Thursday, Ferrari aims to introduce 15 new cars between 2023 and 2026. Purosangue, its first sport utility vehicle (SUV), will be unveiled in September this year.

The automaker also plans to achieve net revenues of up to 6.7 billion euros (7.08 billion U.S. dollars) in 2026 with a compounded annual growth rate of 9 percent.